International News
Trump’s back-and-forth on tariffs creates uncertainty, drives surge in gold prices
Gold price rebounds toward record highs of $3,246 after the previous pullback. Trump’s back-and-forth on tariffs creates uncertainty, underpinning Gold’s safe-haven appeal.Gold remains poised for a fresh leg higher on bullish technical setup on the daily chart.Gold price is bouncing back toward the record highs of $3,246 set on Monday as buyers fight back control despite a sense of calm across the financial markets early Tuesday.
This resurgence comes despite relative calm in broader financial markets, and it underscores the enduring appeal of gold as a safe-haven asset amid political and economic turbulence. Central to this dynamic is the evolving and often erratic trade policy rhetoric emanating from the United States, particularly from former President Donald Trump. As markets struggle to interpret shifting stances on tariffs and brace for consequential economic data, gold appears poised to continue its upward trajectory, supported by both technical and fundamental factors.
The reemergence of gold’s bullish momentum occurs against a backdrop of a moderating U.S. bond market. Last week’s surge in Treasury yields—a swift 50 basis point increase—has partially reversed, with the benchmark 10-year yield falling by approximately 10 basis points. This stabilization has provided a brief respite for investors, many of whom are digesting not only earnings reports from major U.S. corporations but also the ongoing ambiguity surrounding American trade policy.
Trump’s recent comments on adjusting the 25% tariffs on auto and auto parts imports from key partners such as Mexico and Canada have injected fresh uncertainty into the market. His administration’s exemptions for certain technology products, like smartphones and laptops, only added complexity, especially as these items remain subject to less severe 20% tariffs rather than the previously discussed 145% rate. Trump’s mention of impending tariff decisions on semiconductors further adds to the volatility.
Such unpredictability has clear implications for investor sentiment, which in turn sustains the allure of gold. As a non-yielding asset traditionally viewed as a hedge against economic instability, gold thrives during periods when policy inconsistency undermines market confidence. Moreover, the anticipation of further dovish shifts by the Federal Reserve amplifies this dynamic. Remarks from Fed Governor Christopher Waller this week highlighted the economic strain caused by tariff policies, suggesting that rate cuts might be necessary even in the face of persistent inflation. While some voices, like Atlanta Fed President Raphael Bostic, urge a wait-and-see approach, markets are pricing in substantial rate reductions—approximately 85 basis points by year’s end—with high confidence that rates will remain unchanged at the Fed’s next meeting in May.
Beyond the U.S., global factors are also reinforcing the upward pressure on gold prices. Chinese investors have significantly increased their holdings in physically backed gold exchange-traded funds (ETFs) in April, a trend confirmed by the World Gold Council. This inflow reflects both domestic economic concerns and a broader global appetite for risk hedging, particularly as China prepares to release its first-quarter GDP data. Monday’s announcement from China Customs, revealing a 12.4% year-over-year surge in exports for March, underscores the urgency with which Chinese exporters have responded to looming U.S. tariff hikes.
As gold continues its climb, technical indicators on the daily chart support the potential for further gains. Yet, this ascent remains contingent on several evolving narratives: Trump’s tariff proclamations, the Fed’s policy responses, and the tone of incoming macroeconomic data from China and beyond. In this complex and fluid environment, gold retains its timeless luster—not merely as a commodity, but as a barometer of global uncertainty.
International News
Oroarezzo 2026, with Italian Exhibition Group, Manufacturing Explores New Markets
International focus, evolving export geographies and a high-level global congress to shape new tools and strategies for Italian gold and jewellery companies from 9–12 May in Arezzo.
Quality business for foreign markets and high-level tools for companies will be the two key levers at the next edition of Italian Exhibition Group’s Oroarezzo event, scheduled to take place from 9th to 12th May at Arezzo Fiere e Congressi.
Between 2024 and 2025, the weight of the main Italian gold and jewelry export markets was redistributed in favor of the European Union, the United Arab Emirates and Switzerland, with the United States substantially holding up. Demand from Turkey halved, even though it was still the top destination for Made in Italy products.
IEG, together with the Italian Trade Agency (ITA), is amassing a delegation of hosted buyers for the jewelry manufacturing markets of interest that will exceed the one-to-one buyer/exhibitor ratio.
A key new feature at the upcoming edition will be the first international congress in Arezzo, to be held on Monday 11th, entitled “Global markets, geopolitical scenarios and concrete tools for business growth”. The event will focus on the prospects opened by the free trade agreement between the European Union and India, as well as on France and Switzerland — homes of the big brands — supply chains between the United States and Canada, and the opportunities of the African continent.
EXPORTS HAVE CHANGED, NOW BUSINESS AND TOOLS FOR COMPANIES
“Markets change, but interest in Italian gold and jewelry does not fade. Therefore, together with the Italian Trade Agency, we are working on compiling a high-profile delegation with the utmost attention to foreign markets that are still important for Arezzo manufacturing, like the United States, and to those, albeit a minority, that are livelier, such as Poland, Canada or China.
A collective effort which we are keeping associations, such as the national Federorafi, updated on through the Goldsmith Council, as well as local institutions, from the Municipality to the Chamber of Commerce and the Province, because Oroarezzo’s growth is a strategic IEG priority.
Our job, however, does not end with the encounter between market supply and demand. IEG is convinced that companies must also face current challenges with enabling experiences, such as data sharing and analysis. Which translates into a high-profile international conference. It is not the time to wait for change, we must build it together,” said Matteo Farsura, Head of IEG’s jewelry trade shows.
THE INCOMING STRATEGY
At last year’s edition, Oroarezzo saw the participation of over 370 exhibitors and around 400 hosted buyers thanks to the collaboration program with ITA.
For the coming edition, Italian Exhibition Group is working to exceed this proportion, with a predominant share of buyers operating in the US and UAE markets. IEG and ITA will also strengthen European representation and adopt a targeted approach to the Asian market, particularly Japan and China.
New markets in the Mercosur area will include Brazil, Mexico and Panama. Guests will be welcomed with a networking aperitif at the Fraternita dei Laici building on the opening day, along with curated experiences designed to highlight the city and its cultural heritage.
VALUE CHAINS, TARIFFS AND FREE TRADE: THE INTERNATIONAL CONGRESS
The first international conference will provide strategic insight into key areas for Italian gold and jewelry manufacturing exports. The initiative is a joint decision between IEG and the national Federorafi Confindustria to equip the Arezzo district with effective tools to interpret global scenarios and emerging opportunities.
The program will begin with an analysis of the medium- and long-term prospects resulting from free trade agreements currently being ratified between the European Union and the Mercosur area for the Italian gold and jewelry industry.
It will then examine the opportunities offered by India following the signing of the trade treaty with Brussels in New Delhi on 27th January for the progressive elimination of customs duties.
Further themes will include the decision-making centers of major jewelry brands between France and Switzerland, the reorganization of supply chains between the United States and Canada, and the opportunities presented by Africa as an initial commercial entry point for the gold and jewelry sector.
From TBZ, Malabar Gold & Diamonds to Golubhai Badalia Diamond: Why These Jewellery Brands Continue to Earn Consumer Trust
Mangalsutra Revival 2025–26: How India’s wedding boom is powering a new era of cultural jewellery
IIBS-11: Navigating the ‘New Gold Rush’ in a fragmenting global economy
-
International News5 hours agoOroarezzo 2026, with Italian Exhibition Group, Manufacturing Explores New Markets
-
National News3 hours agoIIBS-11: Navigating the ‘New Gold Rush’ in a fragmenting global economy
-
International News6 hours agoGemfields nets $53m in Bangkok ruby auction
-
New Premises8 hours agoLimelight Diamonds Unveils Exclusive Visakhapatnam Store in the Presence of Union Minister of Civil Aviation Shri Kinjarapu Ram Mohan Naidu
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.